Wafra Inc & Pine Tree Acquire Retail Property On 180 Ken Pratt Blvd In Longmont, CO For $73.8M
SOLD
$73,800,000
Colorado
See Similar DealsRetail367,918 SF
Sold 11/01/2022
SOLD
Wafra Inc & Pine Tree Acquire Retail Property On 180 Ken Pratt Blvd In Longmont, CO For $73.8M
180 Ken Pratt Boulevard, Longmont, Colorado 80501, United States
See Similar DealsRetail367,918 SF
Sold 11/01/2022
Summary
COLORADO
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:367,918 SF
Transaction Type:Sale
The retail property located at 180 Ken Pratt Blvd in Longmont, CO has been sold. The property encompasses 36 acres of land. The transaction took place on November 1, 2022.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $73,800,000
- Square Footage: 367,918
- Price per Square Foot: $201
- Address: 180 Ken Pratt Blvd, Longmont, CO
- Market: Longmont, CO
The buyer of the property is Wafra Inc & Pine Tree, and the deal was facilitated by JLL as the broker.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,936,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$262,195.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$349,849.65
Annual Debt Service$4,198,195.81
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